$BTC Bitcoin is currently experiencing a notable downturn, with its price hovering around $84,445, a decrease of approximately 1.5% in the last 24 hours. This dip has pushed its value below the $87,000 mark for the first time since April, indicating a significant sell-off. The decline is largely attributed to aggressive liquidation by medium-term holders, which has in turn caused a collapse in open interest and funding rates.

Market sentiment reflects extreme fear, with analysts divided on future projections. Some foresee further drops to $58,000 or even $40,000 by late 2026, while others view the current correction as a normal, healthy part of a bull market cycle. Investors are advised to exercise caution due to the highly volatile nature of cryptocurrency markets.

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BTC
BTC
90,396.49
-2.27%